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Ethanol could get boost from carbon capture credits in Biden climate law

Reuters · Leah Douglas · last updated

WASHINGTON, Aug 18 (Reuters) — A major expansion in tax credits for companies that capture and store carbon emissions under U.S. President Joe Biden’s new climate law could be a boon to the ethanol industry as it seeks to meet its mid-century climate goals.

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The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.

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